Panama calls for speeding up regulation of bitcoin and cryptocurrencies
Panama is on the verge of a transformation in its financial market with the possible regulation of cryptocurrencies and the tokenization of assets, according to specialist Alfredo Muñoz.
In the discussion “Approach to the Regulation of Digital Assets in Financial Markets”, held this week, Muñoz highlighted that the regulation promises to revolutionize the management of financial assets.
“The regulation of digital assets in the Panamanian financial market is on the horizon,” he said, indicating that this measure seeks to take advantage of the technology inherent to Bitcoin to improve efficiency and speed in transactions.
Muñoz explained that the tokenization of assets allows almost instantaneous settlements, which is a leap from the days that traditional methods usually require.
“The implementation of distributed networks not only optimizes the speed of settlements, but also allows investors to exercise all their rights in a programmed manner,” he said.
In his opinion, the benefits of this regulation are clear: greater supervision, efficiencies for investors and democratized access to the market.
“Tokenization also generates larger liquidity pools by automating settlements, allowing investments to be customized according to the characteristics of each user,” Muñoz said.
With this trend on the rise, Panama could position itself to lead financial innovation in the region, says Muñoz. “Panama has always been advanced in the financial market; it is time to give a boost to the regulations to recognize and test this technology,” he said.
Increasing exponentially, more people want to regularize the currency in their countries, with the growing rise of the main cryptocurrencies in this market, do your search for successful reports and news